UL Expands Renewables Portfolio With Acquisition Of AWS Truepower

Posted by Lauren Tyler on September 29, 2016 No Comments
Categories : New & Noteworthy

Global safety science company UL says it has acquired AWS Truepower, an energy engineering services and advisory firm, in an effort to expand its global renewable energy portfolio. According to AWS Truepower, this addition will strengthen its full lifecycle solutions for both the wind and solar energy sectors.

AWS Truepower is an Albany, N.Y.-based company providing renewable energy services through five business units covering project advisory, performance engineering, due diligence, information services and grid solutions. Its service portfolio complements UL’s current renewable energy offering focused on testing, inspection and certification, as well as performance verification of solar, wind, batteries and energy storage systems.

According to AWS, the acquisition supports UL’s global expansion strategy, as many countries are pushing for energy independence, energy security and environmental sustainability. AWS Truepower’s services are crucial in meeting the growing demand for energy assessments of new projects coming online and ongoing support.

“There is strong alignment between the two brands. UL and AWS Truepower have a shared mission and complementary businesses,” said Jeffrey Smidt, vice president and general manager for UL energy and power technologies. “As the market for renewable energy increases and demands a full lifecycle service offering for renewable energy projects, the combined portfolios enable us to capture additional business globally.”

AWS Truepower’s employees will join UL and remain with the company. For the time being, AWS Truepower will continue operating under its current brand name.

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